Venture Capital ‘Hits’ Driven By Skill

There’s a large body of sound, academic evidence (which is presented in my books, “The Only Guide to Alternative Investments You’ll Ever Need” and “The Quest for Alpha”) demonstrating that, in aggregate, private equity investments have represented the triumph of hype and hope over wisdom and experience.

The following is a summary of findings from some of the more recent research on the performance of private equity, and venture capital (VC) in particular: